Journal article
The impacts of science and technology policy interventions on university research: Evidence from the US National Nanotechnology Initiative
Research policy, v 43(1), pp 74-91
01 Feb 2014
Featured in Collection : UN Sustainable Development Goals @ Drexel
Abstract
We examine how the National Nanotechnology Initiative (NNI), a recent U.S. government science and technology (S&T) program launched in 2000, affects the nature of university research in nanotechnology. We characterize the NNI as a policy intervention that targets the commercialization of technology and a focused research direction to promote national economic growth. As such, we expect that the NNI has brought about unintended consequences in the direction of university-industry knowledge flows and the characteristics of university research output in nanotechnology. Using a difference-in-differences analysis of U.S. nanotechnology patents filed between 1996 and 2007, we find that, after the NNI, U.S. universities have significantly increased knowledge inflows from the industry, reduced the branching-out to novel technologies, narrowed down the research scope, and become less likely to generate technological breakthroughs, as compared to other U.S. and non-U.S. research institutions. Our findings suggest that, at least in the case of the NNI, targeted government S&T programs may increase the efficiency of university research, but potentially do so at a price. (C) 2013 Elsevier B.V. All rights reserved.
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Details
- Title
- The impacts of science and technology policy interventions on university research: Evidence from the US National Nanotechnology Initiative
- Creators
- Hyun Ju Jung - Georgia Institute of TechnologyJeongsik Jay Lee - Georgia Institute of Technology
- Publication Details
- Research policy, v 43(1), pp 74-91
- Publisher
- Elsevier
- Number of pages
- 18
- Resource Type
- Journal article
- Language
- English
- Academic Unit
- Management
- Web of Science ID
- WOS:000329385100006
- Scopus ID
- 2-s2.0-84889884100
- Other Identifier
- 991021881508204721
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- Web of Science research areas
- Management